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Argentina's Economic Slowdown Deepens | Argentina News
Argentina’s economy is in a deep slump, with nearly 42% of business leaders blaming weak demand for growth struggles — a sentiment echoed by 61% of supermarkets. Retail sales dropped 4% year-over-year in July, and consumer spending continues its downward spiral since early 2025. While Mercado Libre’s Marcos Galperín highlights a 38% online sales surge, private firms note it’s not enough to offset the broader decline. Unemployment hit 7.8% in Q1 2026, while informal work soared to 44.2%. Public opinion reflects the pain: unemployment ranks as Argentina’s second-biggest crisis, just behind…
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